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May 11, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Chickasha, Business Loans > 1st National Bank & Trust Chic Chickasha Business Loans > Building Material Dealers Loan | ||||
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SBA 7A Banks for Rush Springs Businesses
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Building Material Dealers LoansWith these loans for building material dealers, the SBA guarantees the lender that the loan will be repaid. This building material dealers loan for $128,400 was given to an Oklahoma entrepreneur in 2002. Getting a small business loan in Rush Springs, Oklahoma was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank & Trust Chic, operating out of Chickasha, Oklahoma. Here are the details on this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: BUILDING MATERIAL DEALERS SBA Loan Lender 1ST NATIONAL BANK & TRUST CHIC This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444190 - Building Material Dealers Loan Approval Date 10/31/2002 Loan Approval Gross Amount $128,400 Loan Approval from the SBA Of the total $128,400 loan amount, the SBA guaranteed $109,140. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like 1st National Bank & Trust Chic are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Raising VC Money for Social Networking Companies
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